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20121118
20121118
Search Results 0 to 7 of about 8 (some duplicates have been removed)
something that's trending on the web right now. it's this white house photo showing president obama and olympic gymnast mikala maroney looking not impressed. the president was having a little fun with maroney who had that same face when she finished the vault. that look went viral. i'll be back and show you how the twinkie is iconic in mexico. that's right, mexico. stay with cnn. "your money" starts right now. >>> this is the economic storm of our own making and it's threatening any chance of a sustained recovery. i'm ali velshi. this is "your money" and i'm going to show you the damage america could do to itself if washington allows us to go over the fiscal cliff. unemployment in the u.s. which has come down to to 20.9%, it could go up another 9%. according to a new research new york post poll, you clearly understand the danger of this fiscal cliff. 50% say it will have a major effect on the economy, 21% say a minor effect, 2% no effect, 10% say they don't know, which is why you're watching this right now. president obama says they're centering around increasing tax on the wealthy
% say a minor effect, 2% no effect, 10% say they don't know, which is why you're watching this right now. president obama says they're centering around increasing tax on the wealthy which will go a good way in increasing the revenue that he wants to raise in the next decade in an attempt to reduce the federal deficit. he wants to reinstate the bush tax cut which goes to the top 2% of earners. that would jump from 36% to 39%. he likes to say that's where it was during the clinton years. the second one would go from 36% to 39%. he's been focusing on this specific number since his reelection which suggests he may compromise on the actual rates in order to get a deal. there are other taxes as well he's talking about. taxes on investment gain would also go up. the capital gains tax would go from 15% to 20% and dividend taxes would go from 50% to the income tax rate. as i showed you, 39.6%. president obama argues this will hurt people with savings and dividend stocks, but the overall investment gains are enjoyed by the wealthy. this, again, would target that rich group that president obama is
is enough jobs. we are focused on a grand bargain, which is another way of saying austerity. president obama got it right when he said that companies are awash with cash. what they are missing is enough customers out there to prompt demand and justify them spending more on plants and equipment. businesses need customers. they do not create jobs. austerity is the opposite of income creating sales. it reduces income. tax increases reduce income. spending cuts reduce income. both, i would argue, are the wrong medicine for the economy today. we have seen the effects of austerity. we do not want to follow, these countries over the cliff and gratuitously -- we do not want to follow these countries over the cliff gratuitously. [applause] thank you. >> i want to talk to brad. take the next. >> i have a couple of things to say. our $2 trillion figure is not a recommendation. it is actually a response to the fact that everyone thinks that $4 trillion is what is needed to achieve -- a debt stabilization gold, stabilizing debt to gdp, to keep that from rising faster than the economy, which ultimately is
politician, more interestedded in cutting deals and chasing dreams. to the feverish right, it revealed obama as a eurosocialist radical, and republicans never explained how the 715 million tax cut in spending stimulus that even paul ryan supported was good public policy while obama's $787 billion tax and spending stimulus was freedom crushing statism and death of the american free enterprise, but, you know, that's the beauty of being in the minority. in reality, the stimulus was really early evidence thatc'Ñ oa was pretty much what he said he was, a data oriented left the center technicrat, a change the system outsider, govern to work the system insider. the first evidence that despite the flowery talk, he understood that bills that don't pass congress don't produce change. the stimulus is producing change. the wrap on obama was that he was a words guy, but he's more of a deeds guy. you know, it's not producing perfection, but making things better and better is better than worse. before the stimulus, 20% of the doctors used the lek tropical records. it'll reduce cost, improving care. it dir
to be willing to let the tax cuts skpiefrmt is that the right strategy here? >> well, it depends where you're trying to get. i think -- i happen to agree with president obama about where he is substantively in terms of what he needs to do to get an effect ivg program as far as our long term tra jektly. i think some of his tactics, it's very hard if you're not in the room to know what to do tactically but what he says to me is different than what you said. he said i have an objective. we cannot get there with tax expenditures. >> with the tax reduxes. >> right. if it meets with the long-term fiscal trajectory, you can get ourselves in a much better place for the long term and you can significantly improve long range terms. you put all that together. what he then said is i'm willing to sit with people and compromise to find common ground. it's sort of what he says but not quite. he says beall have to work together if we're going to meet that objective. >> what do you guess? is he playing too hard ball with the republicans or is there room for compromise? >> i think he shouldn't focus at all
Search Results 0 to 7 of about 8 (some duplicates have been removed)

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